Forex headlines for July 31, 2014: July 2014 US ISM Chicago business PMI 52.6 vs 63.0 exp US initial jobless claims 302k vs 301k exp May 2014 Canadian GDP 0.4% vs 0.3% exp m/m Q2 2014 US employment costs 0.7% … Continue reading
The US dollar was easily the best performer in July, adding at least 1.3% against the majors. The worst performer was the kiwi dollar after the Reserve Bank of New Zealand signaled a move to the sidelines until year end … Continue reading
The S&P 500 continues to slide into month-end. The index is down 36 points, or 1.85%, to 1933. The latest leg lower breaks the minor support from the Feb-April trendline. Next is the mid-June low at 1926.
The S&P 500 traced out a fresh session low, down 32 points to 1937. The FX market remains unimpressed and the yen crosses are well off the lows. Ultimately, you can’t have this kind of divergence in stocks, FX and … Continue reading
That’s 3 pm ET. Even if Argentina is close to a deal, he might continue to drive a hard line in public. He’s a politician after all.
Argentine newspaper Ambito reports that foreign banks including Citi, JPMorgan and HSBC are interested in buying the defaulted bonds from the vulture funds including Elliott Management. The number $1.4 billion is the number being tossed around, which is close to … Continue reading
Gold hasn’t been able to take advantage of a safe-haven bid or the continued dovish tone from the Fed. Prices are down $13 today to $1283 and trading below the 200-day moving average for the first time since June 19. … Continue reading
If you told me that stocks had taken a shovel to the face today, I wouldn’t have bet on Canadian dollar strength but the loonie is the best performer today. And that’s despite weakness in oil and some other commodities. … Continue reading
If market moves don’t make sense, look to the calendar. It’s a ho-hum day in the FX and bond market while stocks take an absolute beating. The S&P 500 is at the lows of the day, down 30 points to … Continue reading
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